this is my second EW count idea so correct me if you know more. bitcoin is showing signs of reversal on lower time frames (4h). if wave 5 gets extended by a correction triangle, this could bring prices to new aths and possible short term reversal around mid august.. will be adding more information related to yellow line on the right once this account can post links in ideas, so far it is unable. ride safe.
Note
still new and reading EW articles and books but not very persistent so the learning curve is steep. this wave c could be forming a flat still unsure what type of but wave A was a nice reversal so there's a possibility to retest 62k. we'll wait and see where wave C might end. no picture as the account is too new. ride safe.Note
rsi reloading well and slight divergence is building on weekly, price is pretty steady last couple of days around 54-57k so we could be expecting another test of highs in the next week or so. breaking below 50k could take btc deeper.Note
quickly rejected at 60k. Note
btc 333k 2021/2022
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.